The threat of cyberattacks has ramped up to take into
account the fallout from banks and financial institutions continuing to
activate their rapid digital transformation. This change is really affecting
people trying to run a business, run a home or simply cope with the soaring
cost of living. The bad actors see the banking sector as an ideal sector to
focus on for the moment.
If matters weren’t difficult enough, the rapid change has seen retail banking contract, with two leading banks calling time on Ireland. Where there is confusion, there is opportunity for growth amongst the dark side of life, with the massive surge in online fraud and the return of the scammer to prey on the fears of the unsuspecting person.
Currently, there are many hundreds of thousands of people, of all ages, trying to close bank accounts and open new accounts. This is not for the faint-hearted, owing to endless challenges that continue to arise.
This is indeed rich fertile ground for the dark, cyber underworld to exploit.
